Maybe work with some of the other local businesses to build a co-marketing plan that benefits everyone.Lots of things can be done in the right area.

Some specific cities require a CO, other do not, with the main sticking point of tapping the gas line & removing a stove.Depending on the city, it is common to rent these basement units at a discounted price to individuals. 

If you are looking to rent the entire house out I would recommend getting a co-signer on a college student and being very very picky in the front end screening.

If so, that's what's known as a co-host.

I should add that you cannot join these groups until you have an Airbnb listing (you have to provide the link when you request to join), but if you are a co-host, you could join as well.

If I was to add a family member as a co signer or co borrower to the application and have them live in one of the units, would that allow me to bypass the self sufficient test since 2 of the 4 units are owner occupied?

We did a loan last year for a guy that does only student housing and he always has a co-signor and makes the leases for 12 months. 

I'm under the impression that a co-signer should be well above minimums however my partner is less hesitant.

I'm new to real estate investing and though I owned rental property in the past, it was primarily because I moved and had a co-worker who wanted to rent my house so I did for two years and then sell it (looking back I wish I kept the house).

@Jenna BamletInstead of Subject To; I would look to sell the properties or have your partner purchase (in another LLC) and finance them without you being a co-signor.